VMW · Vmware LLC - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$13.35B	$12.85B	$11.77B	$10.81B	$7.07B	$7.92B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	$3.32B	$3.06B	$2.82B	$2.52B	$1.98B	$1.75B
SG&A	$1.13B	$1.07B	$767.00M	$1.29B	$764.00M	$654.00M
Total Operating Expenses	-	-	-	-	-	-
D&A	$1.23B	$1.11B	$1.02B	$873.00M	$630.00M	$336.00M
Operating Income	$2.02B	$2.39B	$2.39B	$1.44B	$2.05B	$1.69B
Interest Expense	$304.00M	$252.00M	$204.00M	$149.00M	$134.00M	$26.00M
Income Tax	$478.00M	$265.00M	$324.00M	($4.92B)	$461.00M	$1.23B
Net Income	$1.31B	$1.82B	$2.06B	$6.41B	$2.42B	$570.00M
EPS - Basic	$3.11	$4.34	$4.90	$15.37	$5.94	$1.40
EPS - Diluted	$3.09	$4.31	$4.86	$15.08	$5.85	$1.38

Balance Sheet

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Cash & Equivalents	$5.10B	$3.61B	$4.69B	$2.92B	$2.83B	$5.97B
Accounts Receivable	$2.51B	$2.30B	$1.93B	$1.88B	$1.58B	$1.31B
Inventory	-	-	-	-	-	-
Accounts Payable	$267.00M	$234.00M	$131.00M	$208.00M	$135.00M	$15.00M
Current Assets	$10.23B	$7.97B	$8.61B	$6.69B	$5.65B	$13.73B
Total Assets	$31.24B	$28.68B	$29.02B	$26.29B	$14.66B	$20.62B
Current Liabilities	$12.39B	$9.65B	$8.39B	$10.32B	$5.70B	$5.03B
Long-term Debt	$9.44B	$12.67B	$4.72B	$2.73B	$3.97B	$3.96B
Total Liabilities	$29.70B	$29.55B	$19.96B	$19.29B	$14.11B	$12.85B
Stockholders' Equity	$1.53B	($876.00M)	$9.05B	$7.01B	$551.00M	$7.78B
Retained Earnings	$439.00M	($875.00M)	$7.07B	$5.01B	$14.00M	$6.94B

Cash Flow

Line item	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Operating Cash Flow	$4.30B	$4.36B	$4.41B	$3.87B	$3.66B	$3.21B
Investing Cash Flow	($367.00M)	($329.00M)	($713.00M)	($2.73B)	$4.45B	($1.52B)
Financing Cash Flow	($2.47B)	($5.13B)	($1.96B)	($1.71B)	($11.22B)	$1.06B
CapEx	$450.00M	$386.00M	$329.00M	$279.00M	$245.00M	$263.00M
Free Cash Flow	$3.85B	$3.97B	$4.08B	$3.59B	$3.42B	$2.95B

Ratios

Metric	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	15.1%	18.6%	20.3%	13.3%	29.0%	21.3%
EBITDA margin	24.4%	27.2%	29.0%	21.4%	37.9%	25.6%
Net margin	9.8%	14.2%	17.5%	59.3%	34.2%	7.2%
Free cash flow margin	28.8%	30.9%	34.7%	33.2%	48.3%	37.2%
FCF / Net income	2.93	2.18	1.98	0.56	1.41	5.17
R&D / Revenue	24.8%	23.8%	23.9%	23.3%	27.9%	22.2%
SG&A / Revenue	8.5%	8.3%	6.5%	12.0%	10.8%	8.3%
Effective tax rate	26.7%	12.7%	13.6%	-329.2%	16.0%	68.4%
Return on assets	4.2%	6.3%	7.1%	24.4%	16.5%	2.8%
Return on equity	85.7%	-207.8%	22.7%	91.5%	439.6%	7.3%
Return on invested capital	13.5%	17.7%	15.0%	14.8%	38.1%	7.2%
Liquidity
Current ratio	0.83	0.83	1.03	0.65	0.99	2.73
Quick ratio	0.83	0.83	1.03	0.65	0.99	2.73
Cash ratio	0.41	0.37	0.56	0.28	0.50	1.19
Leverage
Debt / Equity	6.15	-14.46	0.52	0.39	7.21	0.51
Debt / Assets	0.30	0.44	0.16	0.10	0.27	0.19
Debt / EBITDA	2.90	3.62	1.38	1.18	1.48	1.96
Interest coverage	6.7x	9.5x	11.7x	9.7x	15.3x	65.0x
Equity multiplier	20.36	-32.74	3.21	3.75	26.61	2.65
Liabilities / Assets	0.95	1.03	0.69	0.73	0.96	0.62
Efficiency
Asset turnover	0.43	0.45	0.41	0.41	0.48	0.38
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	69d	65d	60d	64d	81d	60d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	3.9%	9.2%	8.8%	52.8%	-10.7%	-
Revenue CAGR (3y)	7.3%	22.0%	14.1%	-	-	6.4%
Revenue CAGR (5y)	11.0%	-	-	10.5%	3.2%	8.8%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-15.3%	-0.0%	65.7%	-29.7%	21.4%	-
Net income growth (YoY)	-27.8%	-11.6%	-67.9%	164.7%	324.9%	-
EPS growth (YoY)	-28.3%	-11.3%	-67.8%	157.8%	323.9%	-
EPS CAGR (3y)	-41.0%	-9.7%	52.1%	-	-	-16.1%
EPS CAGR (5y)	17.5%	-	-	45.2%	23.5%	-10.0%
FCF growth (YoY)	-3.0%	-2.7%	13.6%	5.1%	15.9%	-
FCF CAGR (5y)	5.5%	-	-	18.1%	13.3%	6.1%
Book value growth (YoY)	-	-	29.1%	1172.1%	-92.9%	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2022-01-28.

Product / service

$25.70B total

Service$6.52B · 25.4%

License And Subscription And Saa SRevenue$6.33B · 24.6%

Services Software Maintenance$5.36B · 20.8%

Subscription And Saa SRevenue$3.21B · 12.5%

License$3.13B · 12.2%

Services Professional$1.16B · 4.5%

Geographic

$12.85B total

Non Us$6.62B · 51.5%

US$6.23B · 48.5%

Stability scores

Altman Z′

FY 2023 · bankruptcy risk

0.61

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2023 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Services-Prepackaged Software

Company	Revenue (last FY)	Net margin	ROE
TEAM	$5.22B	-4.9%	-19.1%
CRM	$37.90B	16.4%	10.5%
NOW	$13.28B	13.2%	13.5%
FRSH	$838.81M	21.9%	17.8%
DDOG	$3.43B	3.1%	2.9%

Comparing VMWARE LLC against the 5 most active filers in the same SIC group.